Ethereum Faces Rejection at $4,500 — What’s Next?
Ethereum hits resistance at $4,500. Can ETH build momentum for another breakout attempt?
- Ethereum was rejected at the $4,500 resistance level.
- Market needs stronger momentum for a breakout.
- Analysts are watching for signs of renewed bullish activity.
Ethereum ($ETH) recently tested the $4,500 level but faced a strong rejection, signaling a key area of resistance in the current market structure. This zone has historically been a tough ceiling for ETH, and despite bullish sentiment, the price couldn’t break through.
The rejection has prompted a pause in upward momentum, leading to short-term consolidation. Traders are now watching closely to see if Ethereum can gather enough strength—or “fuel”—to retest the resistance with a higher chance of success.
What’s Needed for a Breakout?
For Ethereum to successfully break past $4,500, a combination of higher trading volume, increased investor confidence, and favorable macroeconomic conditions may be necessary. So far, on-chain data shows a slight dip in active addresses and transaction volume, which indicates a cooling-off period.
However, market analysts remain optimistic. Many believe that if Ethereum can find support around $4,200 or above, it might make another move toward $4,500 in the coming days. The overall sentiment in the crypto space remains cautiously bullish, especially as institutional interest in ETH continues to grow.
Market Eyes Set on a Second Attempt
Crypto markets often move in waves, and a rejection doesn’t necessarily spell doom for Ethereum’s short-term outlook. Corrections and re-tests are common in upward trends. Traders are now looking at lower time frames for bullish patterns or consolidation zones that could indicate the next move.
If ETH can hold above critical support levels and gather momentum—possibly fueled by positive news or increased buying pressure—it might take another shot at breaking $4,500.
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